Parks Inn Harpur Hill

2 Burlow Road, Buxton, SK17 9JD

  • Parks Inn Harpur Hill
  • Parks Inn Harpur Hill
  • Parks Inn Harpur Hill
  • Parks Inn Harpur Hill
  • Parks Inn Harpur Hill
  • Parks Inn Harpur Hill
  • Parks Inn Harpur Hill
  • Parks Inn Harpur Hill
  • Parks Inn Harpur Hill
  • Parks Inn Harpur Hill
  • Parks Inn Harpur Hill
  • Parks Inn Harpur Hill
  • Parks Inn Harpur Hill
  • Parks Inn Harpur Hill
  • Parks Inn Harpur Hill
  • Parks Inn Harpur Hill
  • Parks Inn Harpur Hill
  • Parks Inn Harpur Hill

Parks Inn Harpur Hill

Attractive Village Inn

The Parks Inn is located in Buxton, which has a population of 3,000 adults living within a one-mile radius. The area enjoys a high footfall with the village boasting a primary school, park, working men's club and a church. The pub also benefits from having the Monsal Trail and Peak District, a popular cycle and walking route, on its doorstep. It is therefore very well positioned to attract a wide variety of customers.

The Parks Inn is the only pub for two miles and the closest competition doesn't offer the outdoor space The Parks Inn does. The local community will, therefore, look forward to sitting outside, especially in the warmer months. This traditional country pub is destined to become a destination venue appealing to a wide range of new customers.

Innovative Operator Wanted

Are you a passionate and innovative operator? To transform the pub, you must offer quality drinks, optimum customer service, and high standards. Due to the location, you will need to demonstrate your marketing skills and ability to attract tourists to this destination site, along with other business management skills such as people management, financial management, and customer service.

Pub Features

  • Rolling Tenancy
  • Refurbishment Planned
  • Catering Kitchen
  • Live Sports
  • Private Accommodation
  • Pub Games
  • Cask Ale
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

The bar area will be completely refurbished and redecorated to keep its traditional features, whilst creating an updated and modern look. The bar servery will be refurbished in line with the traditional, yet modern feel of the pub - Installing a brand-new back bar fitting with an improved design for the display of wines and free-pour spirits.

The lounge area will be transformed in line with the traditional, yet stylish theme of the pub including repairing the existing fireplace to create a cosy feel. The games area will be refurbished in line with the traditional theme of the pub whilst creating an updated look and feel. This will introduce a fantastic space for customers to enjoy casual drinking with friends and family.

The Parks Inn has an extensive amount of external space. The existing garden area will be improved to create a welcoming space with enhanced features to attract customers who wish to enjoy food and drink outside during the warmer months.

Private Accommodation

The private accommodation consists of bedrooms, a kitchen and a lounge. As part of our Ready to Trade promise, we will ensure that your private accommodation is in a good state of repair so that you can focus your time and energy on your new business.

Premises Licence Details

Please refer to the Premises Licence for further details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:00 - 00:30 10:00 - 00:30 10:00 - 00:30 10:00 - 00:30 10:00 - 00:30 10:00 - 00:30 10:00 - 00:00

Financials

Annual Rent £
31,750
Estimated Annual FMOP (Licensee Profit) £
35,271
Representative HEINEKEN UK Brand Discount Per Barrel £
150
Estimated Annual Turnover £
339,228
Estimated Annual Barrelage
200

“The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details).

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
20,250
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
5,000
Deposit Amount £
7,938
Rent In Advance £
611
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
60
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
35,994
Estimated Minimum Ingoing Costs £
35,994

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
Estimated Annual Maintenance Compliance Charge £
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6,108

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details)

* All figures quoted are exclusive of VAT

** Deposit build up will be payable over a maximum of 24 months

*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry

**** Maintenance Compliance Charge relates to the fees for various statutory inspections

***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate

****** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased